Insperity (NYSE:NSP) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Insperity (NYSE:NSP) in a research report sent to investors on Tuesday, Marketbeat.com reports. The firm issued an underweight rating and a $90.00 price target on the business services provider’s stock.

Separately, William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Insperity currently has an average rating of “Hold” and a consensus price target of $99.50.

Insperity Stock Down 8.7 %

Shares of NSP stock opened at $77.55 on Tuesday. The stock’s fifty day moving average price is $88.70 and its 200 day moving average price is $95.04. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. Insperity has a 1-year low of $77.50 and a 1-year high of $119.40. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, research analysts expect that Insperity will post 2.43 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is 58.68%.

Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the sale, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Insperity in the 2nd quarter worth about $64,000. EntryPoint Capital LLC raised its stake in shares of Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after buying an additional 534 shares during the period. Quarry LP lifted its position in shares of Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after buying an additional 732 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in Insperity in the 2nd quarter valued at $109,000. Finally, Covestor Ltd increased its holdings in Insperity by 264.7% in the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after acquiring an additional 757 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.